This tutorial will guide you through requesting a Parent PLUS Loan.
First, open up your web browser.
Then, go to studentloans.gov
Click Sign In
Remember you are requesting a Parent PLUS Loan.
Thus, the student’s parent must sign in using his or her own
Federal Student Aid Pin to complete the request.
Now, put in your social security number,
first two letters of your last name,
date of birth,
and pin number.
Then, click Sign In
Click on Request a Direct PLUS Loan
Look under select the loan type.
Click on Parent PLUS Loan
You will first see where you can check school participation.
You can skip this step because UT Martin does participate.
Now fill out or review your Borrower Information.
Make sure you check the box below default certification,
if you are not in default on a loan or have made
satisfactory arrangements with the loan holder.
After filling out or reviewing your address
and employer information, click continue.
Select an Award Year.
Let’s choose 2011-2012.
Fill out or review your student’s information.
Read and decide if you would like to request for deferment
while the student is in school.
Let’s choose yes.
Read and decide if you would like to request for 6-month
Let’s choose yes.
Now, decide if you would like to authorize the school to use your
Parent PLUS Loan to pay for other educationally related charges
that you incur at the school. For example,
library fines, parking tickets, lab fees, and etc.
You are not required to provide this authorization.
If you do authorize, you may revoke or modify
it at any time by contacting the school.
Let’s authorize by checking the box.
Now, decide if you would like to have the credit balance paid directly
to you or to your student. A credit balance is any loan amount
that remains after charges have been paid.
For this tutorial, let’s choose me.
So, that the credit balance is paid directly to the parent.
Now, let’s identify the school at which you are requesting a Direct PLUS Loan.
Then, choose University of Tennessee - Martin
The school code/branch number and school address will appear.
Now, decide what loan amount you want to request.
Either the maximum amount for which you are eligible,
specify the loan amount, or
if you do not know and will contact the school.
For this tutorial let’s choose the first one,
the amount for which you are eligible.
Now, specify the loan period.
At this time you can either add another school or click continue.
Let’s click continue.
Now, review or edit the information on the page.
Then, click continue to have your credit checked and to submit
your Parent PLUS Loan. And, that concludes this tutorial.